Cardinal Health Stock Surges on Strong Q2 Earnings and Buyback Announcement
Cardinal Health (CAH) shares jumped 9% to $225.88 after the company reported robust second-quarter results, exceeding expectations and raising its fiscal 2026 guidance. Revenue climbed 19% year-over-year to $65.6 billion, driven by strong performance in the specialty segment. GAAP operating earnings ROSE 29% to $707 million, while non-GAAP operating earnings expanded 38% to $877 million.
The company's $750 million share buyback program further bolstered investor confidence, reducing shares outstanding and contributing to earnings per share growth. Cardinal Health now anticipates double-digit earnings growth through 2026, signaling sustained momentum in its Core operations.